Economics and Business

Teach your students about earning an income, how to manage money and set financial goals. In addition, develop knowledge of basic business planning and what makes a business successful.

447 results
 

Explainer

Calculating and paying income tax

Income taxAustralia has a progressive tax system. This means that the more people earn, the more tax they pay and the…

  • Economics & Business
  • Year 8
  • explainer
 

Worksheet

Was the correct amount of tax withheld?

Part 1: Calculating taxUse the ATOs weekly tax table or the ATO app Tax withheld calculator to work out how much tax…

  • Economics & Business
  • Year 8
  • worksheets
 

Explainer

Cash wages and tax

Cash wages and tax When you are employed, it’s important you understand your rights in relation to tax. Some…

  • Economics & Business
  • Year 8
  • explainer
 

Worksheet

Who is being robbed?

Decide whether the following individuals should report their employers and why. Scenario Should report…

  • Economics & Business
  • Year 8
  • worksheets
 

Explainer

Your rights and obligations in relation to tax

If you are employed you have both rights and obligations in relation to tax and you should know what these are. The…

  • Economics & Business
  • Year 8
  • explainer
 

Visualiser

Taxpayers charter and honesty

  Linked activity: The taxation system and the principle of honesty (AC v9.0) Using a SWOT analysis to make a…

  • Economics & Business
  • Year 8
  • visualiser
 

Explainer

An introduction to tax returns

Tax returns and your obligationsA tax return is the form you use to tell the Australian Taxation Office (ATO) how much…

  • Economics & Business
  • Year 8
  • explainer
 

Worksheet

Allowable deductions

Part 1: Identifying allowable deductionsRead the list of items below. Indicate whether you think each item of…

  • Economics & Business
  • Year 8
  • worksheets
 

Visualiser

Ways to lodge a tax return

  Linked activities: Preparing and lodging a tax return Using a SWOT analysis to make a business decision

  • Economics & Business
  • Year 8
  • visualiser
 

Visualiser

What happens after I lodge my tax return?

  Linked activities: What happens after I lodge my tax return? (AC v9.0) Using a SWOT analysis to make a…

  • Economics & Business
  • Year 8
  • visualiser
 

Worksheet

What happens next?

Write answers to the following frequently asked questions: How long does it take to process a tax return? What…

  • Economics & Business
  • Year 8
  • worksheets
 

Explainer

Role of businesses in Australia’s taxation system

Businesses, including sole traders, have a key role to play in Australia’s taxation system. They collect tax on sales,…

  • Economics & Business
  • Year 8
  • explainer